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FX.co ★ Wave analysis of GBP/USD currency pair for June 23, 2010

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Forex Analysis:::2010-06-23T12:00:00

Wave analysis of GBP/USD currency pair for June 23, 2010

Wave analysis of GBP/USD currency pair for June 23, 2010

Having finished the shaping of the group of waves abc yesterday, at the moment the price of GBP/USD is demonstrating the wish of the pound to continue rising motion started June 8. However, as we noted earlier, C wave looks substantially completed. But still it can develop more complicated form that will allow the price increase to the levels near the 52nd figure, however, scenario for new US dollar strengthening has good chances to take place as well. In addition, the indicators allow a probability of such new decline of the pound.

Analyst InstaForex
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